Is This Stock a Screaming Buy: Tessera Technologies Inc. (NASDAQ:TSRA)

Equity Research firms currently have a positive stance on shares of Tessera Technologies Inc. (NASDAQ:TSRA). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $49.00 on a short term basis.

At the time of writing, the stock was trading at $38.96. This represents a change from the opening price of -0.31%. In terms of performance, year to date, the stock is 32.93%. The monthly stock performance comes in at 15.20%. For the quarter, shares are performing at 28.06%. Weekly performance analysis shows the equity at 2.54%.

In taking a look at technical levels, shares are trading 14.01% away from the 50 day simple moving average and 26.42% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -1.34% away from it’s 52- week high and 51.66% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Tessera Technologies Inc.’s RSI stands at 78.55. In looking at volatility levels, the shares saw weekly volatility of 1.78% and 2.29% over the past month.

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